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VSLR - Why Solar Power Stocks Are Crashing Thursday
Vivint Solar Inc.
The Nasdaq is selling off -- hard -- today, with the tech-heavy index down about 3.9% at around 11:45 a.m. EDT. Solar stocks are not immune to the carnage, and in particular, we're seeing shares of soon-to-merge Vivint Solar(NYSE: VSLR) and Sunrun(NASDAQ: RUN) down 9.1% and 9%, respectively.
Elsewhere in the solar sector, Enphase Energy(NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ: SEDG), both manufacturers of solar inverter gear that convert direct-current sunlight into alternating-current electricity usable by our appliances and devices, are down 11.1% and 8.8%, respectively.